X03F.DE vs. XESC.DE
X03F.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and XESC.DE (Xtrackers EURO STOXX 50 UCITS ETF 1C) are both exchange-traded funds - X03F.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone, while XESC.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, X03F.DE returned -0.56%/yr vs 11.07%/yr for XESC.DE. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.
Performance
X03F.DE vs. XESC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03F.DE achieves a -0.38% return, which is significantly lower than XESC.DE's 10.61% return. Over the past 10 years, X03F.DE has underperformed XESC.DE with an annualized return of -0.56%, while XESC.DE has yielded a comparatively higher 11.07% annualized return.
X03F.DE
- 1D
- 0.02%
- 1M
- -1.17%
- 6M
- -0.74%
- YTD
- -0.38%
- 1Y
- 0.10%
- 3Y*
- 2.02%
- 5Y*
- -2.62%
- 10Y*
- -0.56%
XESC.DE
- 1D
- 0.00%
- 1M
- -0.14%
- 6M
- 6.37%
- YTD
- 10.61%
- 1Y
- 19.76%
- 3Y*
- 16.03%
- 5Y*
- 12.49%
- 10Y*
- 11.07%
X03F.DE vs. XESC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | -0.38% | 0.74% | 1.51% | 6.93% | -18.40% | -3.32% | 4.70% | 6.75% | 0.83% | -0.13% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 10.61% | 22.24% | 11.06% | 22.50% | -8.87% | 23.54% | -2.88% | 30.09% | -12.09% | 10.25% |
Correlation
The correlation between X03F.DE and XESC.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2011 | 0.06 |
Over the past year, X03F.DE and XESC.DE have become more correlated (0.46) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
X03F.DE vs. XESC.DE — Risk / Return Rank
X03F.DE
XESC.DE
X03F.DE vs. XESC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) and Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| X03F.DE | XESC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.23 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 1.82 | -1.79 |
| Martin ratioReturn relative to average drawdown | 0.07 | 6.37 | -6.29 |
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Drawdowns
X03F.DE vs. XESC.DE - Drawdown Comparison
The maximum X03F.DE drawdown since its inception was -22.47%, smaller than the maximum XESC.DE drawdown of -46.74%. Use the drawdown chart below to compare losses from any high point for X03F.DE and XESC.DE.
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Drawdown Indicators
| X03F.DE | XESC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -46.74% | +24.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -10.88% | +7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -16.53% | +12.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -23.33% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -22.47% | -38.51% | +16.04% |
Current DrawdownCurrent decline from peak | -14.42% | -1.98% | -12.44% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -9.03% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 3.11% | -1.65% |
Volatility
X03F.DE vs. XESC.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) is 1.16%, while Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE) has a volatility of 3.98%. This indicates that X03F.DE experiences smaller price fluctuations and is considered to be less risky than XESC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X03F.DE | XESC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 3.98% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 13.36% | -9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 16.09% | -11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 17.55% | -11.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 17.91% | -12.65% |
X03F.DE vs. XESC.DE - Expense Ratio Comparison
Both X03F.DE and XESC.DE have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
X03F.DE vs. XESC.DE - Dividend Comparison
X03F.DE's dividend yield for the trailing twelve months is around 2.31%, while XESC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | 2.31% | 2.20% | 2.01% | 1.84% | 3.07% | 1.88% | 0.30% | 0.34% | 0.61% | 0.83% | 1.12% | 0.48% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
X03F.DE and XESC.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
X03F.DE and XESC.DE have the same expense ratio: 0.09% per year.
X03F.DE is categorized as European Government Bonds, while XESC.DE is Europe Equities. X03F.DE tracks iBoxx® EUR Sovereigns Eurozone, while XESC.DE tracks MSCI EMU NR EUR.
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